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The real estate market recorded several notable developments, ranging from changing investment preferences to support policies and project implementation. Land plots are becoming increasingly difficult to sell as speculative capital retreats, while this segment offers limited income-generating potential and carries the risk of tying up capital. Meanwhile, apartment prices remain beyond the accumulation capacity of many buyers, and fluctuating loan interest rates are making young people cautious about borrowing for several decades, despite their housing needs. Limited land resources are also putting pressure on the supply of inner-city apartments, pushing new projects toward expanding areas and causing Hanoi’s apartment market to become increasingly segmented. For apartments nearing handover that are being offered at reduced prices, buyers may have greater room to negotiate but should pay attention to the remaining payment obligations after the principal grace period ends. In terms of...

The real estate market recorded several notable developments in major urban areas. In Ho Chi Minh City, the city is considering incentive policies to attract an outlet center project, including land-rent exemptions, tax reductions, interest-rate support and a 50% reduction in administrative processing time. The city also allocated nearly 4.3 hectares of land in the Thu Thiem New Urban Area to Dai Quang Minh Company as payment for the BT contract to build Ba Son Bridge. Meanwhile, a project of nearly 3,800 apartments in Thu Thiem is expected to require total investment of more than VND 39.8 trillion, including the starting price of the land and existing assets as well as construction investment costs. Phat Dat has started construction on the first five towers of the Qtopia project in the Phuoc Hai coastal area of Ho Chi Minh City, while Phu Long inaugurated and handed over the Essensia Sky and Parkway Saigon WorldHotels Residences complex, covering about 3 hectares with nearly 500 produ...

The real estate market is showing mixed developments in demand, capital flows and access to housing. Apartment prices have risen far beyond the savings capacity of many buyers, while fluctuating mortgage rates, reaching 12.4% per year in one case, have made young people cautious about taking on loans lasting decades despite their desire for home ownership. Many developers are also seeking to transfer projects to recover capital and reduce financial pressure, while buyers are prioritizing assets that can be deployed quickly and generate cash flow. HoREA has proposed adding a mechanism allowing investors to negotiate for land-use rights to the draft Land Law, with the aim of removing obstacles for thousands of commercial housing projects. Land auctions continue to attract attention, but prices are becoming increasingly differentiated. A plot of more than 3,300 square meters in the Him Lam Thach Ban residential area in Long Bien is scheduled for auction on December 5, with a starting pr...

The real estate market is seeing several notable developments as financial pressure prompts some developers to seek project transfers to recover capital, while buyers prioritize assets that can be deployed quickly and generate cash flow. From a policy perspective, HoREA has proposed adding a mechanism allowing investors to negotiate for land-use rights to the draft Land Law, with the aim of removing obstacles for thousands of commercial housing projects. In Ho Chi Minh City, nearly 110 hectares in the expanded Le Minh Xuan Industrial Park is planned for conversion to social housing, with groundbreaking expected on December 30 after legal procedures are completed. The city also recorded 3,297 apartments in commercial projects purchased by foreign organizations and individuals from after the merger through the end of October, of which 316 units had received ownership certificates. Supply and investment activity continue to expand in several localities. The project of nearly 3,800 apart...

The real estate market is seeing a series of notable developments in major urban areas. In Ho Chi Minh City, foreign organizations and individuals have purchased 3,297 apartments in commercial projects from after the merger through the end of October, including 316 units that have been issued ownership certificates. In contrast, nearly 3,800 vacant apartments in the Thu Thiem new urban area have been given a starting auction price of approximately VND 18.253 trillion. The shophouse market is also under pressure, as many properties in Ho Chi Minh City are seeking new tenants because brands are facing difficulties in their business operations. Meanwhile, some investors continue to hold their properties despite annual borrowing costs of up to 12.4 percent, expecting the market to recover next year. Supply and urban planning remain key topics in several localities. Hanoi is forecast to see around 35,000 apartments launched in 2027, concentrated mainly in suburban areas. The city is also ...

The real estate market is seeing notable developments in Ho Chi Minh City and Hanoi. Toward the end of the year, a wave of shophouse tenants returning premises has intensified in Ho Chi Minh City as many brands face business difficulties. In contrast, the city has proposed shortening the approval process for social housing projects by removing the requirement for subdivision planning, with the aim of expanding land availability and increasing supply. Ho Chi Minh City is also planning a logistics hub network at 10 major gateways, including Cat Lai, Long Binh, Linh Trung, Hiep Phuoc, Cu Chi, Hoc Mon and Tan Son Nhat Airport. However, VARS warned that applying a land price table with the K coefficient could raise land-use fees at some projects by two to 2.6 times, putting pressure on investment costs and real estate supply. In Hanoi, more than 6 hectares of land near Giap Bat Bus Station is being converted for a shopping center and parking facilities. The Bac Thang Long Urban City proje...

The real estate market is facing the need to balance legal controls, supply expansion and housing affordability. Many experts warn that a proposed ban on transferring future homes before completion could affect buyers’ rights and lead to frozen market liquidity. Meanwhile, VARS said that applying a land price table with a K coefficient could increase land-use fees at some projects by two to 2.6 times, putting pressure on investment costs and property supply. In contrast, experts have proposed optimizing design and apartment sizes, while developing transit-oriented urban areas under the TOD model to bring home prices within buyers’ reach. In major cities, new policies and projects are expected to add supply. Ho Chi Minh City has proposed shortening approval procedures for social housing projects by removing the requirement for detailed subdivision planning, thereby reducing waiting times and increasing land availability for this segment. Hanoi is preparing to receive applications for ...